A recent accident at the Kara Bridge along the Lagos-Ibadan Expressway, immediately after descending from the Ojodu Berger bus stop when leaving Lagos State, left many road users stranded on Thursday, October 30, as the gridlock persisted for a second day. The incident reportedly happened on Wednesday night, when some trucks, including a fuel tanker, …
The tax credit to Oando Plc rose by 303 per cent to ₦181.85 billion in the third quarter of the year amid the company’s poor financial performance over the past years. A review of its financial statement for the nine months ended September 30, 2025, released on Thursday, October 30, revealed that the tax credit …
First Bank of Nigeria Limited said it has successfully redeemed its $350 million Eurobond, reaffirming its liquidity and financial stability. The parent company, First HoldCo Plc, disclosed this in a statement on Wednesday, October 29. It noted that the Eurobond, issued in October 2020, matured on October 27, 2025. It also noted that the Eurobond …
VFD Group Plc has posted a 61.4 per cent growth in profit before tax to ₦7.99 billion in the nine months of the year from ₦4.95 billion in the same period of the previous year. It reported this in its interim financial statements for the period ended September 30, 2025, released on Wednesday, October 29. …
Dangote Cement Plc reported a 23.2 per cent increase in revenue to approximately ₦3.16 trillion for the nine months of the year despite recording a steep decline in volume of sales. The cement giant reported this in its unaudited results for the nine months ended September 30, 2025. A review of the results shows that …
Lagos and four other highest-debtor states account for 50.32 per cent of the total subnational debt in 2024. The four other states are Kaduna, Edo, Ogun, and Bauchi, a review of the report released by BudgIT on Tuesday, October 28 has shown. According to BudgIT, a Nigeria’s leading civic-tech organisation promoting fiscal transparency and accountability, …
Anambra has emerged as the best-performing state in the federation, surpassing Lagos and 33 other states, according to BudgIT’s 2025 fiscal performance ranking. The ranking is contained in BudgIT’s 2025 edition of the State of States Report, released on Tuesday, October 28. The flagship report, themed, 'A Decade of Subnational Fiscal Analysis: Growth, Decline and …
A latest report by BudgIT has shown that Lagos and Ogun states accounted for half of the average Internally Generated Revenue (IGR) from the 36 states in Nigeria over the last decade. The report released on Tuesday, October 28, put the two states' average IGR at ₦643.21 billion, approximately. It revealed that the average IGR …
A former director-general of the Securities and Exchange Commission (SEC), Arunma Oteh, has called for urgent action to mobilise long-term capital, accelerate infrastructure development, and decentralise the management of Nigeria’s mineral resources to unlock sustainable growth. She made the call at the Oxford Global Think Tank Leadership Conference on Tuesday, October 28 in Abuja. Oteh, …
The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria’s removal from the Financial Action Task Force (FATF) grey list will boost investors' confidence in the capital market. SEC's Director General, Emomotimi Agama, stated this on Channels Television’s Morning Brief on Monday, October 27. He described the country’s exit from the global watchlist as a …
